Access to water as a determinant of rental values: A hedonic analysis in Rwanda
AbstractIn this paper, we study the determinants of rental values in urban housing markets in Kigali, Rwanda. In particular, we study the value of access to piped water; due to the high costs associated with installing new piped connections, renting a property with an existing connection is often the only way for low income households to access piped water. Our results indicate that extending the piped network to a new house will in many cases raise the rental value of the house enough to pay for the cost of installing the new connection in less than two years.
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Bibliographic InfoPaper provided by HAL in its series Working Papers with number halshs-00939271.
Date of creation: 30 Jan 2014
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Africa; rwanda; water access; hedonic price; real estate; non-market valuation;
Other versions of this item:
- Johanna CHOUMERT & Claudine UWERA & Jesper STAGE, 2014. "Access to water as a determinant of rental values: A hedonic analysis in Rwanda," Working Papers 201401, CERDI.
- NEP-AGR-2014-02-08 (Agricultural Economics)
- NEP-ALL-2014-02-08 (All new papers)
- NEP-URE-2014-02-08 (Urban & Real Estate Economics)
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